Pepsi Philippines to be acquired by Lotte for P4.16 Billion

South Korean conglomerate Lotte Corp., through its subsidiary Lotte Chilsung Beverage Co., will be the new owner of Pepsi-Cola Products Philippines Inc. (PIP) upon completion of a Tender Offer announced last week by PIP. Pepsi-Cola Philippines, a local company that owns the Philippine bottling and distribution rights to products of US-based PepsiCo., is offering to …

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